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Osterkarnigel
7 months ago

You get 3 Euros at all is good, in most cases there are only 1x annual interest. As you’ll get them monthly, you’ll get interest on the next month.

Regardless of this, the interest refers to the whole year at 1000 euros and 3% there are just 30 euros.

For one month 30/12 last only 2.5 Euro

PS: The whole day will be charged exactly if you have 500 Euros at 1.1 and 500 Euros at 01.07 you have 1000 Euros, but you only get 22,50 instead of 30 Euros because you didn’t have 1000 Euros all year round.

Khashogg
7 months ago

Because interest is paid per year, not per day or per month. And because the interest is paid monthly.

christl10
7 months ago

The interest will be charged to the year = 30€ at 3%….if it is paid monthly it is only a share of it.

Joniboni03450
7 months ago

The 3% interest will be calculated per year and you will get a monthly part of it every month

Seanen2020
7 months ago

Because interest rates are calculated as always for the year.

First inform, then act.

schelm1
7 months ago

You will receive only € 2.50 at an interest rate of 3 % p.a.

See if the error is therefore happy.

Isuzu189
7 months ago

Because 3 percent of the annual interest rate is.

Elizabeth2
7 months ago
Reply to  Schneider130

,, then ask there….if from my 1000 euros will be 1030 euros at the end of the month, I will be there. I understand you’ve got something out, maybe, for example, that you’ll get the interest the same at the end of the month – which is what it means and not the 3%…:-).

Osterkarnigel
7 months ago
Reply to  Schneider130

Then read this again exactly, there is probably the payout per month, but the interest rate is therefore the 3% refers to the year that is always so.

If it were different this would be absolutely good and everyone would give his money there 😉

TheFamousSpy
7 months ago
Reply to  Schneider130

You don’t get 3% interest per month in a riskless investment form

archibaldesel
7 months ago

No, at the end of the month you get 25 cents of interest. You will get 3,00 EUR for a year, not for a month.

Isuzu189
7 months ago
Reply to  archibaldesel

3% annual interest rate down to one month is €2.50

Elizabeth2
7 months ago
Reply to  Isuzu189

archaldesel would have to know what 3% of 1000 are at all :-)….

Elizabeth2
7 months ago
Reply to  archibaldesel

unfortunately wrong. 3% interest on 1000 euros is not 30 euros, 3 euros…:-)

Osterkarnigel
7 months ago
Reply to  archibaldesel

You have slipped around a place, 3 out of 1000 is 30 😉